Iowa Statutes
§ 488.303 — No liability as limited partner for limited partnership obligations
Iowa § 488.303
This text of Iowa § 488.303 (No liability as limited partner for limited partnership obligations) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 488.303 (2026).
Text
An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is
not the obligation of a limited partner. A limited partner is not personally liable, directly or
indirectly, by way of contribution or otherwise, for an obligation of the limited partnership
solely by reason of being a limited partner, even if the limited partner participates in the
management and control of the limited partnership.
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Nearby Sections
15
§ 488.1001
Direct action by partner§ 488.1002
Derivative action§ 488.1003
Proper plaintiff§ 488.1004
Pleading§ 488.1005
Proceeds and expenses§ 488.101
Short title§ 488.102
Definitions§ 488.103
Knowledge and notice§ 488.105
Powers§ 488.106
Governing law§ 488.108
Name§ 488.109
Reservation of nameCite This Page — Counsel Stack
Bluebook (online)
Iowa § 488.303, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/488.303.